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Tuesday, 17 January 2017

TCS dips over 3% post Q3

Shares of Tata Consultancy Services fell over 3 per cent in early trade on the Bombay Stock Exchange even after IT major reported a better-than-expected year-on-year growth of 11.2 per cent in its consolidated net profit after taxes (PAT) at Rs 6,814 crore for the third quarter ended December 31, 2016. In line with benchmark indices, shares of company declined as much as 2.30 per cent to hit intra-day low of Rs 2261.20 apiece on Bombay Stock Exchange. In a similar fashion, stocks of company slipped 3.42 per cent to Rs 2,264.25 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 27,196.46, down 50.79 points, or 0.19 per cent.